HealthEquity (FRA:2HE) Debt-to-Equity : 0.46 (As of Jan. 2024)

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What is HealthEquity Debt-to-Equity?

HealthEquity's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €8.6 Mil. HealthEquity's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €848.0 Mil. HealthEquity's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €1,868.1 Mil. HealthEquity's debt to equity for the quarter that ended in Jan. 2024 was 0.46.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for HealthEquity's Debt-to-Equity or its related term are showing as below:

FRA:2HE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.54 Max: 1.26
Current: 0.46

During the past 12 years, the highest Debt-to-Equity Ratio of HealthEquity was 1.26. The lowest was 0.46. And the median was 0.54.

FRA:2HE's Debt-to-Equity is ranked better than
51.1% of 546 companies
in the Healthcare Providers & Services industry
Industry Median: 0.48 vs FRA:2HE: 0.46

HealthEquity Debt-to-Equity Historical Data

The historical data trend for HealthEquity's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HealthEquity Debt-to-Equity Chart

HealthEquity Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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1.26

0.78

0.54

0.53

0.46

HealthEquity Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.53	0.49	0.48	0.47	0.46

Competitive Comparison of HealthEquity's Debt-to-Equity

For the Health Information Services subindustry, HealthEquity's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HealthEquity's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HealthEquity's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HealthEquity's Debt-to-Equity falls into.

HealthEquity Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HealthEquity's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.633	+	847.991)	/	1868.149
	=	0.46

HealthEquity's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(8.633	+	847.991)	/	1868.149
	=	0.46

HealthEquity (FRA:2HE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

HealthEquity Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of HealthEquity's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

HealthEquity (FRA:2HE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthEquity Inc (FRA:2HE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HQY:USA

Address

15 West Scenic Pointe Drive, Suite 100, Draper, UT, USA, 84020

Website

https://www.healthequity.com

HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions. Its technology allows customers to see their tax-advantaged healthcare savings, compare treatment options and pricing, pay healthcare bills, receive benefit information, and earn wellness incentives. The firm primarily partners with health plans and employers and serves as the custodian of its customers' health savings accounts (HSAs). HealthEquity also engages in reimbursement arrangements and offers healthcare incentives to its members. In addition, the company provides investment advisory services to customers whose account balances exceed a certain threshold. HealthEquity generates its revenue in the United States.

HealthEquity (FRA:2HE) Headlines

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